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Sep 26, 2012
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and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. don't forget to ask about saving up to 10% when you combine your auto and home insurance with liberty mutual. security, coverage, and savings. all the things humans need to make our beautifully imperfect world a little less imperfect. call... and lock in your rate for 12 months. liberty mutual insurance. responsibility. what
and this workhorse gives you the power of a v8 with the highway fuel economy of a v6. incredible! right? an amazing test drive. i agree. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can...
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Sep 30, 2012
09/12
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that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal programs that are going away, we're going to see more unemployment. the defense company will have to notify workers in the next couple of weeks. how important is this? >> well, it is a temporary drag on the economy. i honestly think of all the things that will not happen, starting january 1st, that the chances that we're going to get both rounds of spending cuts agree to last august, including massive defense cuts, i think is pretty slight. i think it will be rectified the next few months. it's terrible we have to put these businesse
that's deadly for the economy. getting past that, a plan to bring the deficit down gradually, knowing what taxes are going to be over the next decade would be tremendously positive for the u.s. economy. i wish we'd get there sooner rather than later. >> i cannot agree more. it is infuriating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal...
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Sep 26, 2012
09/12
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economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value. i think there are a few opportunities in europe selectively. a company we own called securitas, which is a man-guarded service. it trades for about 50 krona. we think it's worth 72. we get about a 6% dividend yield. there's an example where you can find opportunity. >> everybody's looking for yield in an environment where we can't find any. rick, what are you seeing there today? >> you had a great point. everybody'
economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about...
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Sep 26, 2012
09/12
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they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
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Oct 2, 2012
10/12
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healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
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Oct 4, 2012
10/12
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economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go in the future. so it is my view, whoever is president in 2014 -- and i've been public about it. i am a democrat and voting for the president. >> you mean 2013? >> no, whoever is president in 2014, because my views of housing, my views in energy and my views on the banking system, i think we're going to have a rising economy. so i don't believe -- i think it's going to be -- we're going to have this success in our economy subject to working out our fiscal cliff, which we could spend a lot of time talking on. but i do believe the foundation for a stronger america is already here. >> larry,
economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go in the future. so it is my view, whoever is president in 2014 -- and i've been...
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Sep 27, 2012
09/12
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Sep 28, 2012
09/12
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and it's relatively small compare compared to the economy. it's dominated by the financials and everybody doesn't trust the bank's numbers. so if they don't trust the bank's numbers, it's hard for it to actually go up. >> we ask that question a lot. do you trust the banks? thank you for joining us. >> thank you for having me. >> for me the most interesting trade is the stock that's going sideways for the last couple years. it's china mobile. i think even if you see a slowdown there, the growth in the hand set market will be explosi explosive. so for me, china mobile. >> what's your trade? >> they are trying to promote through the new congress some of the domestic spending. starbucks has 570 outlets. i look at the growth, i look at the sales growth they have in that china market. i like at starbucks as nothing to the upside. that wins when you talk about china. >> they had a starbucks in the forbidden city. >> is that a nice club in las vegas? >> it sounds like a fun place. >> i like young brands. i'm on the china mobile train. i like bhp. but
and it's relatively small compare compared to the economy. it's dominated by the financials and everybody doesn't trust the bank's numbers. so if they don't trust the bank's numbers, it's hard for it to actually go up. >> we ask that question a lot. do you trust the banks? thank you for joining us. >> thank you for having me. >> for me the most interesting trade is the stock that's going sideways for the last couple years. it's china mobile. i think even if you see a slowdown...
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Sep 27, 2012
09/12
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we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the europe, the slowdown of china and the perma low growth, the united states. some income producers, growth names and stocks with solid dividend boosts and, of course, some gold. these have been the correct calls to make. i've stuck with this market because i believe europeans are not suicidal. so far so good on that front. at least of late. i believe chinese economy will simply come back by virtue of the fact there's a tremendous urban migration within china. i believe the federal reserve's stance, brought about you by ben bernanke, will serve as a bridge over fiscal cliff a
we still are one more unthinkable, a slowing chinese economy. the great growth engine -- the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the dark recession. what's happened? stock market never quit, never stopped climbing. it's had a remarkable run with every sector leading the charge at one time or another. before i get into the big remonstrations for the evening. i have gotten the big picture right. the...
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Oct 1, 2012
10/12
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...
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Sep 27, 2012
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>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in recession. asia has slowed down. global growth is slower than most people anticipated at the beginning of the year. the question i think for the u.s. is twofold. it would be that the u.s. is a winner in that game where we get the flight to safety, lower interest rates here and we do well through that. or it could be that global growth drags down the u.s. and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >
>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in...
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Sep 27, 2012
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economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying, don't fight the fed, you look at what's going on, there's talk that china is going to add additional stimulus tonight. but looking at this trade, if stimulus keeps coming into the market, gold is up almost 1.5% today. across the board, commodities are up. isn't it hard to be on the other side of bernanke, the ecb and china all at once? >> we tend to look at commodities as being a supply demand play. and when we look at demand, supply is adequate in most of these commodities. when we look at demand coming mostly from china, in a lot of
economy before today's data. but it does make you worry some when you see those cap ex numbers, the shipments and the core capital goods orders and it is revisions to them. but i do think that that is more sentiment based and that as we come through this next couple of months, that you'll start to see a more -- people more apt to look at the dollar as the right place to be. >> mike murphy, go ahead. >> fundamentally, i'm agreeing with you on a lot of the points. but the old saying,...
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Sep 26, 2012
09/12
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plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course, the slowdown against china, and the growth that is the united states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled fiscal
plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course,...
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Sep 28, 2012
09/12
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economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in below 50 it often means we're heading into recession. let's ask dan greenhouse, and with us senior vice-president of the chase mid cap growth fund. dan, i would like to start with you first of all. as we can see, the economic numbers appear to be take a turn for the worst. and yet your not totally convinced that the stock market rally is over. is that a fair play? >> well, it is. it's important to remember that the u.s. stock market is not u.s. gdp. certainly in the short term if not the medium term. i would m
economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in...
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Oct 2, 2012
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tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on tweeter. have a question? tweet cramer or send him an e-mail or give us a call at 1800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> here's one area where playing football and managing money have a lot in common. we call it the check down. that's when the quarterback considers whom he should pass the ball to. checking down one receiver after another, find out who's open. who can score. and then hits him while he's uncovered. the best quarterbacks have a list in their heads about who to go to first, second, third, fourth, sometimes even fifth. money managers perform the same check down too. we just don't call it that. you can follow along at action alerts plus, and i do it for this show as i search for ideas that have enough merit to be noted on "mad money." how does it work? okay, today's the beginning of a new quarter but what like to do at the start of the quarter is look at the win
tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on tweeter. have a question? tweet cramer or send him an e-mail or give us a call at 1800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> here's one area where playing football and managing money have a lot in common. we call it the check down. that's when the quarterback...
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Oct 2, 2012
10/12
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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Sep 28, 2012
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i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i think it is going to get worse. the reason is the pressure coming from the tax increase. businesses don't want to make a decision in the face of that much uncertainty and my view is the fed is actually contraction their. the more bonds the buy, the slower the economy goes. >> larry, i think david makes good points about global,
i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and...
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country continues to slide deeper into recession and protesters say the government's attempts to save the economy have failed and they now needed to step down our genes jacob graves is in the dritte for us we've heard. more people are probably turning out as an early period in the past to protest they've lined the streets in the thousands blocking traffic on tuesday police charged protesters now there they fired rubber bullets into the crowd thirty people being detained there we saw a similar sonora percentage a wednesday as well this one the problems facing the police is that there's always going to be a hardcore few hundred out of this thousand that are willing to stay here there and just there to message until the very end and they're the ones that trouble arises when they try and clear them out now much he joined by jose and now jose is a member of the twenty fifth at ten but movement could be quite pivotal becomes organizing this so what you want from these demonstrations well i would say that we want to let them know let everyone know that these two a show me some variable and that we are f
country continues to slide deeper into recession and protesters say the government's attempts to save the economy have failed and they now needed to step down our genes jacob graves is in the dritte for us we've heard. more people are probably turning out as an early period in the past to protest they've lined the streets in the thousands blocking traffic on tuesday police charged protesters now there they fired rubber bullets into the crowd thirty people being detained there we saw a similar...
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Oct 3, 2012
10/12
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make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign st
make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany....
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Sep 26, 2012
09/12
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economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk in terms of ratings agencies. those are real world economic fundamentals causing the treasury market and the safe harbors to reprice again. what's fascinating is if you look at a chart today we had new home sales. wasn't a bad number. best since basically 2010. if you go back to 2000 and look at the chart, all of 2004 and 2005 was above one million annualized units. the fundamentals near term are improving but in the big picture they're not. now you look at the chart of ten years. we are at a three-week
economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk...
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Sep 28, 2012
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and the economy has a little rough patch before it accelerates again. what happens if this is the rough patch that causes companies to slam on the brakes, ahead of what is no longer a fiscal cliff but a fiscal retaining wall. when you consider that the republicans are run by the tea party and democrats don't have to change, we have gone from thinking we can jump the fiscal cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that's a drag. china, there's a big hate on china right now. china is big hat. no. big mao cap no cattle. the worst downturn in two months is more representative of what's happening because there is no unity between the rich and poor nations. don't they show that there's no real hope for fiscal reform in that wounded country? today's action, i heard all day it's phony. me and many portfolio managers buy stocks and move them higher to the end of the quarter to get a little gain there. the conclusion, if this were monday coming up, a new month, a new quarter, you would see
and the economy has a little rough patch before it accelerates again. what happens if this is the rough patch that causes companies to slam on the brakes, ahead of what is no longer a fiscal cliff but a fiscal retaining wall. when you consider that the republicans are run by the tea party and democrats don't have to change, we have gone from thinking we can jump the fiscal cliff to thinking how can we slow business spending so that the collision won't destroy us? it's not just the u.s. that's a...
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Oct 1, 2012
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, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that given what mondays have usually meant to the markets over the last several months. up next, live from the value investing congress, the fourth quarter playbook continues live as i fannish from the heart of new york city. will financialing out shine and which pang stocks should you bet on and how big of a threat is china to u.s. stocks? halftime reports comes back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can cus
, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that...
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Sep 28, 2012
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but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed you can be when we don't know what will happen over the islands? >> we've had these spats before. island disputes are a fairly natural byproduct of a more as ser difference c assertive china. you have a leadership transition in china, in the u.s., you have a leadership transition in japan of course. my forecast is that once these transitions have taken place, things will come back and business will turn to normal until the next time there's a spate. you but i don't expect this spate to get out of control to any greater extent than we've alr
but it is facing an unbalanced economy. when the export sector suffers -- perhaps there is a glimmer of light in the u.s. the u.s. is predicted to grow at 2%. that could support japan. but the biggest export partner is china and the real problem is not so much the island dispute, but the quite serious slowdown we're seeing in china. but it's considered it will slow down quite considerably for the foreseeable future. so not a particularly good point. >> you raise a good point, how relaxed...
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Oct 3, 2012
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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Sep 26, 2012
09/12
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consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report prices are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain after two years without one. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion in just the first half of this year. that's the most ever. delta collected the most, nearly $430 million. airlines first started charging for the first checked bag back in 2008. since then just about all the carriers have jumped on board. what are we going to do? >> i know. >> boycott flying? >> they charge for bags, window seats, leg room. they will start charge you to use the bathroom. >> i'll pay for that. >> good point. coming up on the morning news, smart cars get the green light. so-called driverless cars move another step closer to becoming reality in california. this is the mo
consumer spending drives 70% of the nation's economy. good news on the housing market. home prices kept their upward momentum in july in 20 major u.s. cities. on average the standard & poor kay schiller index report prices are up 1.2% thanks to more sales and fewer foreclosures. second straight year-over-year gain after two years without one. if you notice how expensive it's getting to fly. get a load of this. baggage fees are taking off with u.s. carriers hauling in more than $1.7 billion...
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Oct 1, 2012
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tonight, cramer is talking to the ceo to get a real read on the economy. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> it is time, it's time for the lightning round. and then the lightning round is over. are you ready? time for the lightning round. yolanda in new york. >> caller: hi, cramer. how are you? >> great. >> caller: my husband and i watch you all the time and we think you're great. >> thank you. >> caller: we have co
tonight, cramer is talking to the ceo to get a real read on the economy. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal...
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Sep 27, 2012
09/12
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so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will come out ey-- i mean ce out of the risky zone. and you see italy, spain, it's important to look at each of our countries individually, and it is also important to see clearly that we are all part and parcel of a wider thing call the euro zone and the european union. and it's not enough-- it is imperative, but it's not enough that each of our countries puts its own house in order. we also need to have a better governance of the whole, not only of the parts. and this is happening month after month because the european union as a whole is improving, is now more aware than it was one year ago, say
so as to make the economy more vibrant and society more just. and this was a tough treatment which, by the way, i think is not over. >> rose: for italy? >> for italy, yes. >> rose: the focus today is, obviously, on spain. >> yes. >> rose: what's going to happen? >> spain is doing very deep and serious things in terms of budgetary control, and in terms of statutory reforms. i think spain is decidedly on the right path. and we'l will come out of it. and will...
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Sep 28, 2012
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i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right now? >> well, it took the sheen off, but we're still a couple basis points down on the day. we're still down a dozen basis points on the week. traders are going to continue to monitor the realities of spain, the realities of whether a bailout will be requested. you know, as carol knows from her book, if 90% of all the entrepreneurs don't succeed, it's not going to help them in the stock markets are up. what will help them is if the fundmentals are up. >> wow, carol, you have a fan of your book. >> we're chicagoans. we stick together. >> where do you stand on europe right now? are w
i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right...
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Oct 3, 2012
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economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is lik
economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus....
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Oct 2, 2012
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can you crack the calculus for growth in this economy? the answer for us is yes, we have been able to crack that calculus for growth. we haven't wasted the crisis. i guess that's the key. we've been able to ensure we can continue to increase investments in our brands, and that's why our brands are more relevant today and healthier today than they've been for all our history. >> where is it most challenging right now for you in the world? >> i think probably europe certainly is going to continue to go through some difficult times. not any worse than it's been. it is stabilizing. but it certainly is not going to see a recovery immediately. the recovery is going to be long in europe. in the united states, i think -- >> yeah, how about the u.s.? >> i believe that u.s. is going to lead the world out of this current stalemate for sure. we see some improving signs, consumer sentiment in the united states. housing is coming back in the united states. we're investing. we've invested $10 billion in the u.s. market over the last three years. we do s
can you crack the calculus for growth in this economy? the answer for us is yes, we have been able to crack that calculus for growth. we haven't wasted the crisis. i guess that's the key. we've been able to ensure we can continue to increase investments in our brands, and that's why our brands are more relevant today and healthier today than they've been for all our history. >> where is it most challenging right now for you in the world? >> i think probably europe certainly is going...
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Oct 2, 2012
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i think we're expecting a slower paces in the economy for the second half. we forecast a growth of the economy around 3.5% for the second half. >> and what does that mean for you some do you need to raise more capital? if the economy is slowing, you'll get more shocks, did vtp need to have more capital? >> in terms of asset growth, we've seen a very healthy year again. we're coming from 2011 when organically we grew assets by over 35%. so eventually well need more capital to finance the growth and this is something that we have been discussing with the government in line also with the plan of our main shareholders. >> how long before we know about those plans? >> well, there was just a very important privatization for burbank. i think we're mindful of maybe not coming with a second offering from a bank too soon. we also have raised a billion dollar tier one capital in july and we've strengthened the capital by reducing the asset base. so we would expect probably a transaction next year, but it depends to market condition of course. >> ricardo, this is jim he
i think we're expecting a slower paces in the economy for the second half. we forecast a growth of the economy around 3.5% for the second half. >> and what does that mean for you some do you need to raise more capital? if the economy is slowing, you'll get more shocks, did vtp need to have more capital? >> in terms of asset growth, we've seen a very healthy year again. we're coming from 2011 when organically we grew assets by over 35%. so eventually well need more capital to finance...
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Oct 4, 2012
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Sep 26, 2012
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they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last two days, today, in fact over austerity measures being imposed as they try to balance their budgets. >> michelle caruso-cabrera, thank you for that update. beakers, i'm going to you. the worse things get, the more likely it will be that spain actually seeks a bailout, right? borrowing costs have to remain high. 32 basis points rose in spani
they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen...
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Sep 27, 2012
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the economy's collapsed. it's harder for them to do business and about half their oil imports have been curtailed, but the issue is will this actually cause the leadership to come to a negotiating table, say, after our presidential election? >> dan, it's mike murphy. just two quick questions. if you take the fear premium out of oil, where would you see -- how low would the price of oil go, number one? number two, if you get some sort of action in the middle east, if israel attacks iran, how high do you see the price of oil going? >> well, i think on the first one, you know, the fear premium is probably 10, $15 a barrel, something like that. you also get this bubble that today the news is better from europe so the price is up $2 on top of that as well. >> right. >> the chinese probably won't put a stimulus in until they're really starting their transition. in terms of what happens to the price of oil, that's the big question, of course, and the price would go up if anything happened. you'd see the strategic pe
the economy's collapsed. it's harder for them to do business and about half their oil imports have been curtailed, but the issue is will this actually cause the leadership to come to a negotiating table, say, after our presidential election? >> dan, it's mike murphy. just two quick questions. if you take the fear premium out of oil, where would you see -- how low would the price of oil go, number one? number two, if you get some sort of action in the middle east, if israel attacks iran,...
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Sep 27, 2012
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it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but just on a closing note, ross, the commonalty in these investments in the strategy, the philosophy of these strategies, is basically an emerging middle class and growingoff the next few years. >> all right. look forward to that. yousef, thanks very much. a good teaser for us all. now, elsewhere, l'oreal chairman has warned hollande of the consequences of a 75% top rate of income tax. stefane is in paris with more on this. we'll see the talents either flying out or not going i guess, stefane. >> that's the view from chairman and ceo of l'oreal,
it's about the politics, not the economy. i think the people generally speaking are quite happy with the stimulus package and with the political system. >> tensions indeed remain high especially in some towns in the eastern province of the kingdom. of course we also got a start on the broader concept and developments in the arab spring. why he chose india over china when it comes to their broader investment strategy. and of course we'll talk about the art of private equity, as well. but...
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Oct 4, 2012
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economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's crucial services sector grows at its fastest rate in seven months, while the government gets set to take another swing at boosting it through foreign investments. thanks very much for joining me. anyone that's missing ross, he'll be back in tomorrow. but for now, you're all mine. . plenty to come on the next couple hours of the show. lots of guests to help us figure out what's going on. we'll get a view from sydney about cautious shoppers. borrowing costs are expected to fall. we'll bring you those results from madrid.
economy. waiting on spain, the ecb expected to hold steady on rates. country's president tells cnbc that europe's policymakers must remain focused. >> if we get bogged down into what was meant by the june agreements and waste time on this kind of discussions, then it's much less likely that a coherent system will emerge. >> madrid continues to put faith in the hands of private investors while finance minister heads to london to raise funds for the country's bad bank. and india's...
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Sep 27, 2012
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i want you to help get the economy going. we need to get jobs and deliver affordable health care in an efficient manner. >> as a devout -- i'm a nut cake giants fan. but you have run an amazing franchise down there. >> thank you. >> you have truly run an amazing franchise. i hope the giants beat the patriots twice or three times this year, but you've been a fabulous owner. >> they've been pretty good at beating us. they're a great franchise. and before the patriots were created in 1960, i was a giant fan. that's who i used to watch. >> great stuff. thank you. robert kraft, thank you, sir. you're wonderful to come out here. i appreciate it. very old and dear friend. coming up, we'll play where's obama. no, not where's waldo, where's obama. every world leader is meeting at the u.n. this week and our president has not met with a single one of them. it's an outrage. i think mitt romney is a fool if he doesn't jump on this issue. that's next up on the "kudlow report." tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#:
i want you to help get the economy going. we need to get jobs and deliver affordable health care in an efficient manner. >> as a devout -- i'm a nut cake giants fan. but you have run an amazing franchise down there. >> thank you. >> you have truly run an amazing franchise. i hope the giants beat the patriots twice or three times this year, but you've been a fabulous owner. >> they've been pretty good at beating us. they're a great franchise. and before the patriots were...
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Sep 27, 2012
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and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
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Sep 28, 2012
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that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues that have hung over the american economy from spain? >> is madrid more important than chicago? >> at least it is today. we wanted to see what the needs would be for the spanish banks. the numbers that they put out today after this exhaustive examination. >> do you breath numbers? >> the market believes them now. they came about in line with expectations. the number could change depending on what happens with the spanish economy and if real estate prices fall even further. you think more of this like a tradeoff. if the capital requirements had been even bigger it would have meant th
that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues...